Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a hold rating to a buy rating in a report released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $16.00 target price on the stock.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
Several other analysts have also recently weighed in on FCAU. Evercore ISI upgraded shares of RENAULT S A/ADR to an outperform rating in a research report on Tuesday, May 28th. ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Nomura set a $76.00 target price on shares of Mongodb and gave the company a sell rating in a report on Wednesday, June 19th. Jefferies Financial Group reaffirmed a sell rating on shares of Hi-Crush Partners in a report on Tuesday, April 2nd. Finally, Oddo Securities raised shares of Fiat Chrysler Automobiles from a sell rating to a neutral rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $18.31.
Fiat Chrysler Automobiles stock opened at $14.13 on Wednesday. The firm’s fifty day moving average is $13.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 0.82. The stock has a market cap of $27.69 billion, a PE ratio of 3.74, a P/E/G ratio of 1.66 and a beta of 1.74. Fiat Chrysler Automobiles has a fifty-two week low of $12.58 and a fifty-two week high of $20.08.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.08). The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $25.70 billion. Fiat Chrysler Automobiles had a net margin of 2.85% and a return on equity of 18.57%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. On average, equities research analysts forecast that Fiat Chrysler Automobiles will post 3.01 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Fiat Chrysler Automobiles during the 1st quarter valued at about $25,000. Neuburgh Advisers LLC raised its holdings in Fiat Chrysler Automobiles by 913.8% in the fourth quarter. Neuburgh Advisers LLC now owns 6,468 shares of the company’s stock worth $94,000 after buying an additional 5,830 shares during the last quarter. Parallel Advisors LLC raised its holdings in Fiat Chrysler Automobiles by 12.5% in the first quarter. Parallel Advisors LLC now owns 7,118 shares of the company’s stock worth $106,000 after buying an additional 792 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Fiat Chrysler Automobiles by 13.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,370 shares of the company’s stock worth $124,000 after buying an additional 1,012 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in Fiat Chrysler Automobiles by 913.8% in the fourth quarter. Flinton Capital Management LLC now owns 9,996 shares of the company’s stock worth $146,000 after buying an additional 9,010 shares during the last quarter. 26.45% of the stock is currently owned by institutional investors.
Fiat Chrysler Automobiles Company Profile
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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